Posted 1/15/2021 06:35 (#8752370 - in reply to #8752122) Subject: RE: Buying land and the income taxes
It's quite common to depreciate improvements such as buildings, tile, fencing when buying new ground. The challange is establishing a basis for the assets.
The excess fertility thing is less common and discouraged by many accountants. There have been threads on this in the past. As I recall I don't think Jake is a fan of the practice.
Buying land and the income taxes
